hi friends,
As per the Income Tax Act 1961, Under which Block will the Following Assets Fall :
1 ) Borewells
2) Mobile & Telephones
Also Kindly mention the Rate of Depreciation on above as per Companies Act, 1956..
Sufyan ukaye (Student) (60 Points)
02 April 2012hi friends,
As per the Income Tax Act 1961, Under which Block will the Following Assets Fall :
1 ) Borewells
2) Mobile & Telephones
Also Kindly mention the Rate of Depreciation on above as per Companies Act, 1956..
Radha Lohia
(CA,CS,M.Com)
(56 Points)
Replied 03 April 2012
You can treat Telephones and mobile phones as funiture if the following condtions are satisfied.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
CAclubindia
